Home Subsea Swedish business wins $109M offer for next stage of NKT cable television factory growth
December 9, 2024, by Zerina Maksumic
Sweden's building and construction business Skanska has actually signed a SEK 1.2 billion (around $109 million) agreement with Denmark-headquartered power cable television producer and setup company NKT for the next phase of the cable television factory growth in Karlskrona, Sweden.
Source: NKT
According to Skanska, the arrangement, scheduled in Q4 2024, becomes part of NKT's wider financial investment to reinforce eco-friendly electrical power circulation and technological development in the area.
The agreement incorporates stage 2 of the building and setup works, concentrating on the tower structure and involved side structures. This follows an earlier SEK 700 million agreement for the very first stage of building works, checked in July 2024, with an anticipated conclusion in 2025.
“The existing partnership arrangement in between the celebrations, covering parts of the growth of NKT's cable television factory in Karlskrona, is now being supplemented with an extra agreement,” stated the business.
“The brand-new agreement covers part 2 of building and setup works for the tower structure and involved side structures. NKT's financial investment will assist establish the circulation of sustainable electrical energy and improve technological developments in Blekinge and Sweden.”
Building under the recently signed agreement will start right away, with conclusion arranged for May 2026, Skanska kept in mind.
In late November, NKT revealed that it was nearing conclusion of its growth job in Alingsås, Sweden, with access to the test hall and brand-new structures set for next month.
To advise, on the back of a record order stockpile and strong market outlook, NKT revealed financial investments in a brand-new cable-laying vessel (CLV), along with in a brand-new high-voltage factory on the existing website in Karlskrona, Sweden, in May 2023, with both properties anticipated functional from 2027.
It was reported on November 5 that the brand-new cable television extrusion tower in Karlskrona had actually reached its complete height of 200 meters, ending up being the 2nd highest tower in the Nordics.
Soon after, the Danish power cable television maker revealed that Vard had actually cut the very first steel for the NKT Eleonora CLV.
The partnership in between Skanska and NKT began in July 2023 with the finalizing of a structure arrangement. This resulted in agreements for time-sensitive works valued at roughly SEK 300 million in December 2023.
